NEA VALUEBUILDER VARIABLE ANNUITY
May 1, 2026
Individual Flexible Purchase Payment Deferred Variable Annuity Contract
SBL Variable Annuity Account XIV
Updating Summary Prospectus for Existing Investors
Issued By:
Mailing Address:
Security Benefit Life Insurance Company
One Security Benefit Place
Topeka, Kansas 66636-0001
1-800-NEA-VALU
www.securitybenefit.com
Security Benefit Life Insurance Company
P.O. Box 750497
Topeka, Kansas 66675-0497
This Updating Summary Prospectus describes the NEA Valuebuilder Variable Annuity (the “Contract”), which is an Individual Flexible Purchase Payment Deferred Variable Annuity Contract issued by Security Benefit Life Insurance Company (the “Company”). This Updating Summary Prospectus is used with current owners.
The Prospectus of the Contract contains more information about the Contract, including its features, benefits and risks. You can find the current Prospectus and other information about the Contract online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=814121562. You can also obtain this information at no cost by calling 1-800-888-2461 or by sending an email request to SBLProspectusRequests@securitybenefit.com.
The Contract is a complex investment and involves risks, including potential loss of principal. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, taxes, and tax penalties. Our obligations under the Contract are subject to our financial strength and claims-paying ability.
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.
SB-10009-24 2026/05/01
Table of Contents
 
Page
3
3
4
A-1
A-1
A-5
2
Special Terms
Various terms commonly used in this Updating Summary Prospectus are defined as follows:
Company — Security Benefit Life Insurance Company. The Company is also identified herein as “we,” “our,” or “us.”
Contract — The flexible purchase payment deferred variable annuity contract described in this Updating Summary Prospectus.
Contract Date — The date the Contract begins as shown in your Contract. Contract anniversaries are measured from the Contract Date. The Contract Date is usually the date that the initial Purchase Payment is credited to the Contract.
Contract Value — The total value of your Contract which includes amounts allocated to the Subaccounts and the Fixed Account as well as any amount set aside in the Loan Account to secure loans as of any Valuation Date.
Credit Enhancement — An amount added to Contract Value under the Extra Credit Rider.
Fixed Account — An account that is part of the Company’s General Account to which you may allocate all or a portion of your Contract Value to be held for accumulation at fixed rates of interest (which may not be less than the Guaranteed Rate) declared periodically by the Company.
Internal Revenue Code or the Code — The Internal Revenue Code of 1986, as amended.
Owner — The person entitled to the ownership rights under the Contract and in whose name the Contract is issued.
Purchase Payment — An amount initially paid to the Company as consideration for the Contract and any subsequent amounts paid to the Company under the Contract.
Separate Account — SBL Variable Annuity Account XIV, a separate account of the Company that consists of accounts, referred to as Subaccounts, each of which invests in a corresponding Underlying Fund.
Subaccount — A division of the Separate Account which invests in a corresponding Underlying Fund.
Underlying Fund — A mutual fund or series thereof that serves as an investment vehicle for its corresponding Subaccount.
Updated Information About Your Contract
The following is a summary of certain Contract features that have changed since May 1, 2025, the date of the last Prospectus. This does not reflect all of the changes that have occurred since you entered into your Contract.
Summary of Recent Contract Changes:
The following changes in the availability of Underlying Funds under the Contract have occurred:
●
As a result of a fund merger, Fidelity Advisor Dividend Growth merged into Fidelity Dividend Growth Fund which is marketed under the name Fidelity Advisor Dividend Growth.
●
As a result of a fund merger, Fidelity Advisor Real Estate merged into Fidelity Real Estate Investment Portfolio which is marketed under the name Fidelity Advisor Real Estate.
●
As a result of a fund merger, Goldman Sachs Government Income merged into Goldman Sachs U.S. Mortgages which is now available under the Contract.
Additional information about the Underlying Funds, including certain fund name and adviser changes, is included in Appendix A to this Updating Summary Prospectus.
3
Important Information You Should Consider About the Contract
 
FEES, EXPENSES AND ADJUSTMENTS
Location in Prospectus
Are There
Charges or
Adjustments for
Early
Withdrawals?
Yes. If you withdraw money from your Contract within 7 years following your
last Purchase Payment, you may be assessed a surrender charge of up to 7%
(as a percentage of the portion of the withdrawal amount consisting of
Purchase Payments), declining to 0% in the eighth year.
For example, if you were to withdraw $100,000 during a surrender charge
period, you would be assessed a charge of up to $7,000. This loss will be
greater if there are taxes or tax penalties.
Fee Table
Fee Table – Examples
Charges and Deductions
– Contingent Deferred
Sales Charge
Are There
Transaction
Charges?
No. Other than surrender charges (if any), there are no charges for other
transactions (e.g., transferring money between investment options).
Not Applicable
Are There
Ongoing Fees
and Expenses?
Yes. The table below describes the current fees and expenses of the Contract
that you may pay each year, depending on the Investment Options and optional
benefits you choose. Interest on any Contract loans is not reflected. The fees
and expenses do not reflect any advisory fees paid to financial intermediaries
from your Contract Value or other assets. If such charges were reflected, the
fees and expenses would be higher. Please refer to your Contract specifi-
cations page for information about the specific fees you will pay each year
based on the options you have elected.
Fee Table
Fee Table – Examples
Charges and Deductions
– Mortality and Expense
Risk Charge
Charges and Deductions
– Administration Charge
Charges and Deductions
– Account Adminis-
tration Charge
Charges and Deductions
– Optional Rider Charges
Appendix A – Underlying
Funds Available Under
the Contract
Annual Fee
Minimum
Maximum
Base Contract1
0.94%
1.09%
(Underlying Fund fees and expenses)2
0.63%
1.72%
Optional benefits available for an additional charge3
(for a single optional benefit, if elected)
0.05%
0.85%
1
As a percentage of Contract Value allocated to the Separate Account. Any charge
above the minimum charge of 0.90% is deducted from your Contract Value on a
monthly basis. The charge shown includes the account administration charge.
2
As a percentage of Underlying Fund average net assets.
3
As a percentage of Contract Value.
 
Because your Contract is customizable, the choices you make affect how much
you will pay. To help you understand the cost of owning your Contract, the
following table shows the lowest and highest cost you could pay each year
based on current charges. This estimate assumes that you do not take
withdrawals from the Contract, which could add surrender charges that
substantially increase costs.
 
Lowest Annual Cost: $1,419.17
Highest Annual Cost: $3,004.09
Assumes:
●Investment of $100,000
●5% annual appreciation
●Least expensive combination of
Base Contract charge and
Underlying Fund fees and
expenses
●No optional benefits
●No sales charges or advisory fees
●No additional Purchase Payments,
transfers or withdrawals
●No Contract loans
●No Credit Enhancement amounts
Assumes:
●Investment of $100,000
●5% annual appreciation
●Most expensive combination of Base
Contract charge, optional benefits,
and Underlying Fund fees and
expenses
●No sales charges or advisory fees
●No additional Purchase Payments,
transfers or withdrawals
●No Contract loans
●No Credit Enhancement amounts
 
RISKS
Location in Prospectus
Is There a Risk
of Loss from
Poor
Performance?
Yes. You can lose money by investing in this Contract, including loss of
principal.
Principal Risks of
Investing in the Contract
4
Is this a
Short-Term
Investment?
No.
●This Contract is not designed for short-term investing and is not appropriate
for an investor who needs ready access to cash.
●Surrender charges, taxes and tax penalties may apply to withdrawals. If you
take a withdrawal, a surrender charge may reduce the value of your
Contract or the amount of money that you actually receive. Withdrawals may
also reduce or terminate Contract guarantees and may result in taxes and
tax penalties.
●The benefits of tax deferral and long-term income mean the Contract is
more beneficial to investors with a long time horizon.
Charges and Deductions
– Contingent Deferred
Sales Charge
The Contract – General
What are the
Risks
Associated with
the Investment
Options?
●An investment in this Contract is subject to the risk of poor investment
performance. Performance can vary depending on the performance of the
Investment Options that you choose under the Contract.
●Each investment option (including the Fixed Account, if available) has its
own unique risks.
●You should review the Investment Options before making an investment
decision.
Appendix A – Underlying
Funds Available Under
the Contract
What are the
Risks Related to
the Insurance
Company?
An investment in the Contract is subject to the risks related to us, Security
Benefit Life Insurance Company. Any obligations (including under the Fixed
Account option), guarantees or benefits of the Contract are subject to our
claims-paying ability. If we experience financial distress, we may not be able to
meet our obligations to you. More information about Security Benefit Life
Insurance Company, including our financial strength ratings, is available upon
request by calling 1-800-888-2461 or visiting www.securitybenefit.com.
Information About the
Company, the Separate
Account, and the
Underlying Funds –
Security Benefit Life
Insurance Company
 
RESTRICTIONS
Location in Prospectus
Are There
Restrictions on
the Investment
Options?
Yes.
●Certain investment options may not be available under your Contract.
●Certain Subaccounts prohibit you from transferring out and back within a
period of calendar days.
●We reserve the right to limit your transfers to 14 in a Contract Year, to
suspend transfers and limit the transfer amounts, and to limit transfers in
circumstances of frequent or large transfers.
●There are certain restrictions on transfers between the Fixed Account and
Subaccounts.
●We reserve the right to add, remove or substitute the Underlying Funds
available as investment options under the Contract.
●We reserve the right to refuse any Purchase Payment, to further limit your
ability to make subsequent Purchase Payments with advance notice, and to
require our prior approval before accepting Purchase Payments.
The Contract – Transfers
of Contract Value –
Frequent Transfer
Restrictions
The Fixed Account –
Transfers and
Withdrawals from the
Fixed Account
Other Information –
Changes to Investments
5
 
RESTRICTIONS
Location in Prospectus
Are There Any
Restrictions on
Contract
Benefits?
Yes.
●Optional benefits are only available at Contract issue. You cannot change or
cancel the benefits that you select after they are issued.
●Certain optional benefits are not available in every state and are subject to
age restrictions.
●Certain optional benefits previously offered with the Contract are no longer
available for purchase. We reserve the right to stop offering for purchase any
currently available optional benefit at any time.
●Optional benefits may limit or restrict the investment options that you may
select under the Contract. We may change these restrictions in the future.
●We do not have the right to modify or terminate an optional benefit.
Withdrawals, however, may reduce the value of an optional benefit by an
amount greater than the value withdrawn or result in termination of the
benefit.
Benefits Under the
Contract – Optional
Riders
Appendix B – Riders
Available Only Prior to
February 1, 2010
 
TAXES
Location in Prospectus
What are the
Contract’s Tax
Implications?
●If you elect to pay third-party advisory fees from your Contract Value, then
the deduction will reduce the death benefits and other guaranteed benefits,
perhaps significantly, and may be subject to federal and state income taxes
and a 10% federal penalty tax.
●Consult with a tax professional to determine the tax implications of an
investment in and payments received under the Contract.
●If you purchased the Contract through a tax-qualified plan or IRA, you do not
get any additional tax benefit under the Contract.
●Earnings on your Contract are taxed at ordinary income tax rates when you
withdraw them, and you may have to pay a penalty if you take a withdrawal
before age 59½.
The Contract –
Withdrawals to Pay
Advisory Fees
Charges and Deductions
– Deduction of Advisory
Fees
Federal Tax Matters
Federal Tax Matters –
Qualified Plans
 
CONFLICTS OF INTEREST
Location in Prospectus
How are
Investment
Professionals
Compensated?
Your investment professional may receive compensation for selling this
Contract to you, in the form of commissions, additional payments, and
non-cash compensation. We may share the revenue we earn on this Contract
with your investment professional’s firm. This conflict of interest may influence
your investment professional to recommend this Contract over another
investment for which the investment professional is not compensated or is
compensated less.
Other Information – Sale
of the Contract
Should I
Exchange my
Contract?
Some investment professionals may have a financial incentive to offer you a
new contract in place of the one you already own. You should only exchange a
contract you already own if you determine, after comparing the features, fees
and risks of both contracts, and any fees or penalties to terminate the existing
contract, that it is better for you to purchase the new contract rather than
continue to own your existing contract.
Additional
Compensation Paid to
Selected Selling
Broker-Dealers
6
APPENDIX A
Investment Options Available Under the Contract
Underlying Funds — The following is a list of Underlying Funds available under the Contract. More information about the Underlying Funds is available in the prospectuses for the Underlying Funds, which may be amended or updated from time to time, and can be found online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=814121562. You can view, download, and print copies of Underlying Fund documents at this website. You can also request this information at no cost by calling 1-800-888-2461 or by sending an email request to SBLProspectusRequests@securitybenefit.com.
The current expenses and performance information below reflect the fees and expenses of the Underlying Funds, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Underlying Fund’s past performance is not necessarily an indication of future performance. Updated performance information is available online at https://www.securitybenefit.com/performance.
Investment
Type
Fund
Adviser/Sub-Adviser
Current
Expenses1
Average Annual
Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Large Cap
Growth
Allspring Growth – Class A
Adviser: Allspring Funds Management, LLC
Sub-Adviser: Allspring Global Investments, LLC
1.18%
15.16%
6.03%
13.83%
Large Cap
Blend
Allspring Large Cap Core – Class A
Adviser: Allspring Funds Management, LLC
Sub-Adviser: Allspring Global Investments, LLC
1.20%
17.40%
15.67%
13.28%
Mid Cap Blend
Allspring Opportunity – Class A
Adviser: Allspring Funds Management, LLC
Sub-Adviser: Allspring Global Investments, LLC
1.19%
0.49%
7.53%
11.00%
Small Cap
Value
Allspring Small Company Value – Class A
Adviser: Allspring Funds Management, LLC
Sub-Adviser: Allspring Global Investments, LLC
1.30%
1.77%
8.81%
8.76%
Large Cap
Value
American Century Equity Income – Class A
Adviser: American Century Investment Management, Inc.
1.19%
11.63%
7.50%
8.70%
Mid Cap Growth
American Century Heritage – Class A
Adviser: American Century Investment Management, Inc.
1.25%
0.28%
3.60%
10.50%
International
Equity
American Century International Growth – Class A
Adviser: American Century Investment Management, Inc.
1.47%
8.68%
0.10%
5.25%
Large Cap
Growth
American Century Select – Class A
Adviser: American Century Investment Management, Inc.
1.23%
9.32%
11.19%
14.92%
Asset
Allocation/
Lifestyle
American Century Strategic Allocation: Aggressive –
Class A
Adviser: American Century Investment Management, Inc.
1.58%
15.43%
7.70%
9.44%
Asset
Allocation/
Lifestyle
American Century Strategic Allocation: Conservative –
Class A
Adviser: American Century Investment Management, Inc.
1.38%
10.36%
4.37%
5.98%
Asset
Allocation/
Lifestyle
American Century Strategic Allocation: Moderate – Class
A
Adviser: American Century Investment Management, Inc.
1.51%
13.43%
6.10%
7.88%
A-1
Investment
Type
Fund
Adviser/Sub-Adviser
Current
Expenses1
Average Annual
Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Mid Cap Blend
AMG River Road Mid Cap Value – Class N
Adviser: AMG Funds LLC
Sub-Adviser: River Road Asset Management, LLC
1.14%
11.75%
13.50%
9.79%
Small Cap
Value
Ariel® - Investor Class
Adviser: Ariel Investments, LLC
1.01%
14.15%
9.36%
9.51%
Large Cap
Blend
BNY Mellon Appreciation – Investor Class
Adviser: BNY Mellon Investment Adviser, Inc.
Sub-Adviser: Fayez Sarofim & Co., LLC
0.88%
10.17%
9.40%
12.81%
Large Cap
Value
BNY Mellon Dynamic Value – Class A
Adviser: BNY Mellon Investment Adviser, Inc.
Sub-Adviser: Newton Investment Management North
America, LLC
0.94%
18.20%
16.12%
12.91%
Mid Cap Value
BNY Mellon Midcap Value – Class A
Adviser: BNY Mellon Investment Adviser, Inc.
Sub-Adviser: Newton Investment Management North
America, LLC
1.16%
10.04%
7.87%
9.43%
Large Cap
Growth
Calamos® Growth – Class A
Adviser: Calamos Advisors LLC
1.28%
10.63%
10.58%
12.89%
Specialty
Calamos® Growth and Income – Class A
Adviser: Calamos Advisors LLC
1.05%
11.90%
9.91%
11.49%
High Yield Bond
Calamos® High Income Opportunities – Class A
Adviser: Calamos Advisors LLC
1.40%
4.30%
3.80%
4.78%
Intermediate
Term Bond
Federated Hermes Corporate Bond – Class A
Adviser: Federated Investment Management Company
1.00%
2.11%
-0.76%
2.93%
Large Cap
Blend
Fidelity Advisor® Dividend Growth – Class M
Adviser: Fidelity Management & Research Company LLC
Sub-Adviser: FMR Investment Management (UK)
Limited; Fidelity Management & Research (Hong Kong)
Limited; Fidelity Management & Research (Japan)
Limited
1.41%
21.83%
15.16%
12.07%
International
Equity
Fidelity Advisor® International Capital Appreciation –
Class M2
Adviser: Fidelity Management & Research Company LLC
Sub-Adviser: FMR Investment Management (UK)
Limited; Fidelity Management & Research (Hong Kong)
Limited; Fidelity Management & Research (Japan)
Limited; FIL Investment Advisors; FIL Investment
Advisors (UK) Limited
1.39%
18.13%
5.65%
9.08%
Specialty-Sector
Fidelity Advisor® Real Estate – Class M
Adviser: Fidelity Management & Research Company LLC
Sub-Adviser: FMR Investment Management (UK)
Limited; Fidelity Management & Research (Hong Kong)
Limited; Fidelity Management & Research (Japan)
Limited
1.18%
1.96%
4.75%
4.33%
A-2
Investment
Type
Fund
Adviser/Sub-Adviser
Current
Expenses1
Average Annual
Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Mid Cap Blend
Fidelity Advisor® Stock Selector Mid Cap – Class M2
Adviser: Fidelity Management & Research Company LLC
Sub-Adviser: FMR Investment Management (UK)
Limited; Fidelity Management & Research (Hong Kong)
Limited; Fidelity Management & Research (Japan)
Limited
1.22%
6.02%
7.76%
9.72%
Small Cap
Blend
Fidelity Advisor® Value Strategies – Class M
Adviser: Fidelity Management & Research Company LLC
Sub-Adviser: FMR Investment Management (UK)
Limited; Fidelity Management & Research (Hong Kong)
Limited; Fidelity Management & Research (Japan)
Limited
1.21%
3.98%
10.61%
9.92%
Emerging
Markets
Goldman Sachs Emerging Markets Equity – Service
Class
Adviser: Goldman Sachs Asset Management, L.P.
1.62%
32.18%
0.58%
7.47%
Government
Bond
Goldman Sachs U.S. Mortgages – Service Class
Adviser: Goldman Sachs Asset Management, L.P.
1.09%
N/A
N/A
N/A
Intermediate
Term Bond
Guggenheim Core Bond – Class A
Adviser: Guggenheim Partners Investment Management,
LLC
0.87%
3.22%
-1.24%
2.38%
High Yield Bond
Guggenheim High Yield – Class A
Adviser: Guggenheim Partners Investment Management,
LLC
1.19%
2.57%
3.39%
5.26%
Large Cap
Growth
Invesco American Franchise – Class A
Adviser: Invesco Advisers, Inc.
0.93%
11.56%
10.28%
14.73%
Large Cap
Value
Invesco Comstock – Class A
Adviser: Invesco Advisers, Inc.
0.80%
17.15%
15.24%
11.90%
Mid Cap Growth
Invesco Discovery Mid Cap Growth – Class A
Adviser: Invesco Advisers, Inc.
1.04%
-0.97%
2.60%
10.45%
Balanced/Asset
Allocation
Invesco Equity and Income – Class A
Adviser: Invesco Advisers, Inc.
0.77%
12.81%
8.61%
8.66%
Mid Cap Blend
Invesco Main Street Mid Cap – Class A
Adviser: Invesco Advisers, Inc.
1.04%
8.92%
8.99%
9.73%
Small Cap
Growth
Invesco Small Cap Growth – Class A2
Adviser: Invesco Advisers, Inc.
1.16%
5.69%
-0.89%
8.97%
Specialty-Sector
Invesco Technology – Class A
Adviser: Invesco Advisers, Inc.
1.02%
19.83%
10.12%
15.51%
Money Market
Invesco V.I. Government Money Market – Series II
Adviser: Invesco Advisers, Inc.
0.63%
3.76%
2.85%
1.77%
Multi Cap Value
Invesco Value Opportunities – Class A
Adviser: Invesco Advisers, Inc.
1.02%
20.15%
19.86%
14.16%
Large Cap
Blend
Janus Henderson Adaptive Risk Managed U.S. Equity –
Class S
Adviser: Janus Henderson Investors US LLC
1.09%
12.94%
10.28%
10.86%
A-3
Investment
Type
Fund
Adviser/Sub-Adviser
Current
Expenses1
Average Annual
Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
International
Equity
Janus Henderson Overseas – Class S
Adviser: Janus Henderson Investors US LLC
1.19%
28.29%
8.94%
8.77%
Large Cap
Value
NAA Large Cap Value – Class A
Adviser: New Age Alpha Advisors, LLC
1.38%
8.50%
10.84%
10.11%
Large Cap
Blend
NAA Large Core – Class A
Adviser: New Age Alpha Advisors, LLC
1.25%
10.52%
12.18%
13.28%
Mid Cap Growth
NAA Mid Growth – Class A
Adviser: New Age Alpha Advisors, LLC
1.52%
-2.97%
3.41%
9.89%
Speciality
NAA Opportunity – Class A
Adviser: New Age Alpha Advisors, LLC
1.72%
-6.65%
3.24%
2.14%
Mid Cap Value
NAA SMid Cap Value – Class A
Adviser: New Age Alpha Advisors, LLC
1.24%
2.08%
8.01%
9.21%
Global Equity
NAA World Equity Income – Class A
Adviser: New Age Alpha Advisors, LLC
1.59%
16.55%
9.88%
8.99%
Intermediate
Term Bond
Neuberger Core Bond – Class A
Adviser: Neuberger Berman Investment Advisers LLC
0.79%
2.21%
-1.44%
1.44%
Large Cap
Value
Neuberger Large Cap Value – Advisor Class
Adviser: Neuberger Berman Investment Advisers LLC
1.10%
20.25%
10.34%
12.64%
Specialty
Neuberger Quality Equity – Trust Class
Adviser: Neuberger Berman Investment Advisers LLC
1.04%
17.18%
13.68%
13.28%
Large Growth
PGIM Jennison Focused Growth – Class A
Adviser: PGIM Investments LLC
Sub-Adviser: Jennison Associates LLC
1.09%
15.89%
7.77%
15.69%
Small Cap
Growth
PGIM Jennison Small Company – Class A2
Adviser: PGIM Investments LLC
Sub-Adviser: Jennison Associates LLC
1.12%
6.88%
7.22%
10.47%
Small Cap
Value
PGIM Quant Solutions Small-Cap Value – Class A2
Adviser: PGIM Investments LLC
Sub-Adviser: PGIM Quantitative Solutions LLC
1.15%
13.35%
11.57%
8.52%
High Yield Bond
PIMCO High Yield – Class A
Adviser: Pacific Investment Management Company LLC
0.98%
8.19%
3.58%
5.25%
International
Bond
PIMCO International Bond (U.S. Dollar-Hedged) – Class
R
Adviser: Pacific Investment Management Company LLC
1.22%
3.64%
0.71%
2.65%
Small Cap
Value
Royce Small-Cap Opportunity – Service Class
Adviser: Royce & Associates, LP
1.60%
11.58%
9.57%
12.35%
Small Cap
Blend
Royce Small-Cap Value – Service Class
Adviser: Royce & Associates, LP
1.62%
6.68%
9.88%
7.68%
Balanced/Asset
Allocation
T. Rowe Price Capital Appreciation – Advisor Class
Adviser: T. Rowe Price Associates, Inc.
Sub-Adviser: T. Rowe Price Investment Management,
Inc.
1.01%
12.16%
9.18%
10.95%
A-4
Investment
Type
Fund
Adviser/Sub-Adviser
Current
Expenses1
Average Annual
Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Large Cap
Growth
T. Rowe Price Growth Stock – Class R
Adviser: T. Rowe Price Associates, Inc.
1.17%
15.04%
8.79%
13.56%
Specialty-Sector
Victory RS Science and Technology – Class A
Adviser: Victory Capital Management Inc.
1.46%
11.90%
0.22%
14.28%
Mid Cap Value
Victory RS Value – Class A
Adviser: Victory Capital Management Inc.
1.33%
-1.37%
8.09%
8.17%
1
Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please
see the Investment Portfolios’ prospectuses for additional information regarding these arrangements
2
This fund is no longer available for new transfers.
Fixed Option — The following is a list of Fixed Options currently available under the Contract. We may change the features of the Fixed Options listed below, offer new Fixed Options, and terminate existing Fixed Options. We will provide you with written notice before doing so. Depending on the optional benefits you choose, you may not be able to invest in the Fixed Options, as noted below.
See “The Fixed Account” in the prospectus for a description of the Fixed Investment Options’ features.
Name
Term
Minimum Guaranteed Interest Rate
Fixed Account
Not applicable
[1%]
Optional Rider Investment Restrictions
If you have elected one of the optional riders listed in the table below, your Contract is subject to investment allocation restrictions. Depending on the optional riders you choose, you may not be able to invest in certain Underlying Funds or the Fixed Account. In addition, other investment restrictions may apply, as shown below.
Rider
Investment Restrictions
Investment Allocation Impact on Crediting Rate
Extra Credit at 4%
Fixed Account not available
as an investment option
N/A
0-Year or 4-Year Alternate
Withdrawal Charge
Fixed Account not available
as an investment option
N/A
Guaranteed Minimum Income
Benefit at 5%
N/A
The Company will credit a maximum rate of 4% for amounts
allocated to the Invesco V.I. Government Money Market
Subaccount, the Fixed Account and the Loan Account. All other
investments will be credited at 5%.
Guaranteed Growth Death
Benefit
N/A
If you elected this benefit at 5%, 6% or 7%, the Company will
credit a maximum rate of 4% for amounts allocated to the
Invesco V.I. Government Money Market Subaccount or the
Fixed Account. All other investments will be credited at the rate
you selected. Any amounts allocated to the Loan Account will
only earn the Guaranteed Rate
Extra Credit (3% or 5%)
Fixed Account not available
as an investment option
N/A
A-5
 
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The Prospectus and Statement of Additional Information (SAI) are parts of the registration statement that we filed with the Securities and Exchange Commission (SEC), dated May 1, 2026. Both documents contain additional important information about the Contract. The Prospectus and SAI are incorporated herein by reference, which means they are legally a part of this Updating Summary Prospectus.
The SAI may be obtained, free of charge, from us in the same manner as the Prospectus, as described on the front page of this Updating Summary Prospectus.
The SEC maintains a website (http://www.sec.gov) that contains the registration statement, material incorporated by reference, and other information regarding companies that file electronically with the SEC. Copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.
EDGAR contract identifier C000113081